Cursor is buying code review startup Graphite in a deal that brings together two popular tools in AI-powered software development. The companies declined to disclose financial terms of the transaction, but said it involves a mixture of cash and equity. They said Graphite will continue operating as an independent product, but with deeper integration into…
Members of American Airlines’ loyalty program will no longer earn miles or other travel rewards when purchasing a basic economy ticket. People enrolled in the carrier’s AAdvantage program previously earned two miles and loyalty points for each dollar they spent on a regular fare. Now they will only earn points if they buy a more…
Utkarsh Amitabh says he definitely wasn’t in the market for a new job in January 2025, when data labeling startup micro1 approached him about joining its network of human experts who help companies train artificial intelligence models. The U.K.-based, 34-year-old entrepreneur already had a busy schedule as an author, university lecturer, founder and CEO of…
LOWERING DRUG PRICES FOR AMERICAN PATIENTS: Today, President Donald J. Trump announced nine new agreements with major pharmaceutical companies to lower prescription drug prices for Americans in line with the lowest prices paid by other developed nations (known as the most-favored-nation, or MFN, price). The nine manufacturers include Amgen, Bristol Myers Squibb, Boehringer Ingelheim, Genentech,…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Witching hour A trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening bell in New York on December…
Eve’s air taxi hovers above a runway on the aircraft’s first test flight that lasted about a minute An electric air taxi start-up spun off from Brazilian aerospace group Embraer has successfully flown a full-scale prototype of its vehicle for the first time, a key milestone in what marks the start of a year-long flight…
When OpenAI declared a “code red” this month to refocus its teams on competing with Google, I couldn’t help but think back to December three years ago when the companies’ roles were reversed. Google was the one blasting the sirens to catch up to OpenAI. What followed the next month, in January 2023, were the…
High home prices, stubbornly high mortgage rates and now less supply are all weighing on potential homebuyers. Sales of previously owned homes rose just 0.5% in November from October and were 1% lower than November 2024, according to the National Association of Realtors. Sales came in at an annualized rate of 4.13 million units. This…
Ford chief executive Jim Farley declared his all-electric F-150 Lightning the “truck of the future” when it was unveiled in 2021. But this week the automaker’s flagship EV pick-up was consigned to the past as part of a spectacular $19.5bn writedown. After its electric “Model e” division amassed more than $13bn in losses since 2023,…
COLUMBUS, Ohio — This week, for the first time, Ohio’s regional power grid operator was unable to buy enough power to meet its own reliability target. “Electricity costs are rising, and reliability is falling because we simply do not have enough supply to meet demand,” said Shayna Fritz, executive director of the Ohio Conservative Energy…
China’s semiconductor manufacturers are upgrading their advanced chipmaking equipment in ways that bypass global export controls, as the country seeks to rival the US in developing artificial intelligence. According to people familiar with the matter, Chinese fabrication plants producing advanced smartphone and AI chips have bolstered the performance of advanced deep ultraviolet lithography (DUV) machines…
In July 2006, The New York Times sent young reporter Alex Berenson to Pfizer to interview me about the company’s future R&D prospects. Given its large R&D budget, it was natural to use Pfizer as a barometer of the pharmaceutical industry, which was in the midst of a productivity slump. In the 1990s, the Food…
Alexandr Wang—who became the world’s youngest self-made billionaire at 24—is now, at 28, running one of the most ambitious AI efforts in Silicon Valley. In his first 60 days at Meta, he built a 100-person lab he described to TBPN hosts John Coogan and Jordi Hays as “smaller and more talent dense than any of…
Josh MartinBusiness reporter Getty Images Retail sales fell unexpectedly in November as Black Friday discounts failed to boost spending, official figures show. Supermarket sales fell for the fourth month in a row, while discounts at retailers across November did not lift Black Friday spending as much as in recent years, the Office for National Statistics…
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller had a “strong interview” for the central bank chair position…
In this article UNH Follow your favorite stocksCREATE FREE ACCOUNT UnitedHealthcare sign is displayed at its office building in Minnetonka, Minnesota, U.S., Dec. 11, 2025. Tim Evans | Reuters UnitedHealth Group on Friday released the first results from a sprawling independent audit of its business practices and committed to a wide range of steps to…
Nvidia Corp. (NASDAQ:NVDA) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) have quietly become the two most dominant forces inside the Magnificent Seven, riding different paths to the same destination: artificial intelligence supremacy. Nvidia’s GPUs remain the backbone of the global AI buildout, powering everything from data centers to cutting-edge model training. Alphabet, meanwhile, is pushing its own…
A Paris court has rejected an effort by the French government to suspend the website of fast-fashion giant Shein in response to it selling childlike sex dolls on its platform. The court said the request for a three-month suspension was “disproportionate” – but did order age verification for the sale of adult products. The action…
(WSET) — According to the Virginia Lottery, more than 87,000 tickets bought in Virginia won prizes in Wednesday’s Powerball drawing. The Virginia Lottery said that it includes five tickets that each won $50,000. Since no ticket in Virginia or anywhere else matched all six numbers, the jackpot for the Saturday, December 20, drawing grows to…
Bank of Japan governor Kazuo Ueda had given what traders said was unusually clear messaging ahead of the decision to raise interest rates on Friday © Kazuhiro Nogi/AFP/Getty Images Japan’s benchmark government bond yields hit their highest level since 1999 after the central bank pushed up short-term interest rates to address rising prices and wages….
Citi mistakenly sent $900mn to creditors of its client Revlon in 2020 © Bloomberg Citigroup has said a US bank regulator has loosened some compliance burdens imposed on the bank over deficiencies in risk control and data management practices stemming from a $900mn errant payment. Citi mistakenly sent the funds to creditors of its client…
Instacart has agreed to refund $60 million to customers to settle allegations that the grocery shopping service engaged in deceptive marketing and billing practices, the Federal Trade Commission said Thursday. The agency alleged in a lawsuit that Instacart charged hidden fees and refused to issue refunds, raising the cost of groceries for consumers and harming shoppers. …
Kazuo Ueda, governor of the Bank of Japan (BOJ), during a committee on financial affairs meeting at the lower house of parliament in Tokyo, Japan, on Friday, Nov. 21, 2025. Bloomberg | Bloomberg | Getty Images Japan’s central bank on Friday raised its short-term rates to a three-decade high, driving a sell-off in government bonds,…
Join us for an informative session designed to help you stay ahead of recent federal tax law developments. Learning Objectives: We will break down the latest changes to federal tax law introduced in the One Big Beautiful Act and detail actionable planning opportunities for both individuals and businesses. Learning Outcomes: Participants will be able to:…
An internal memo says its algorithm will be retrained on US user data after the deal closes in January. An internal memo says its algorithm will be retrained on US user data after the deal closes in January. Dec 18, 2025, 11:18 PM UTC Emma Roth is a news writer who covers the streaming wars,…
Japan’s central bank has raised its main interest rate to the highest level in 30 years as the country faces a cost-of-living squeeze. In a widely expected decision, the Bank of Japan’s policy board, led by governor Kazuo Ueda, increased its benchmark rate by a quarter of a percentage point to “around 0.75%” on Friday….
WESTLAND, Mich. – Police are searching for the suspect who shot a victim outside a Kroger in Westland. The shooting occurred on Thursday, Dec. 18, around 7:30 p.m. at 36430 Ford Road. Authorities say one person was shot, though the victim’s condition has not been confirmed. A Local 4 News photojournalist at the scene saw…
In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT American Airlines Grant Baldwin | Getty Images American Airlines customers flying on basic economy fares will no longer earn frequent flyer miles or points toward elite status, the carrier said this week. “We routinely evaluate our fare products to remain competitive in the marketplace. Customers who…
Updated Dec. 18, 2025, 4:44 p.m. ET Michigan regulators approved an “ex parte” motion for contracts between DTE and developers of a massive data center campus planned for Saline Township. The utility says the data center’s power demands won’t strain the state’s energy grid or lead to higher residential rates. But many members of the…
Nike is in what chief executive Elliott Hill described as the ‘middle innings of our comeback’ from a downturn that began about two years ago © David Paul Morris/Bloomberg Nike has reported weakening sales in China in quarterly results that unnerved investors as the company attempts to pull out of a slump. Shares of the…
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stocks rose on Friday, lifted by Oracle, as the artificial intelligence trade regained its footing after experiencing volatility. The Nasdaq Composite gained 1.31%, closing at 23,307.62. The S&P 500 climbed 0.88% to end at 6,834.50, while the Dow Jones Industrial Average advanced…
18 hours ago Peter Hoskins,business reporterand Lily Jamali,North America technology correspondent TikTok’s Chinese owner ByteDance has signed binding agreements with American and global investors to operate its business in the US, the video platform’s boss told employees on Thursday. Half of the joint venture will be owned by a group of investors including Oracle, Silver…
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